Insights on Business

JUNE 19, 2019

Today, IBM received recognition by Risk.net for both “Financial Crime Product of the Year” for IBM Safer Payments as well as “Best Vendor for Innovation.” And though we’re not here for the awards, this type of recognition does help validate that our new approach to how financial crime threats is not only innovative.

Innovation 116

Innovation Compliance Fraud Strategy 116

PYMNTS

APRIL 3, 2018

To simplify its path to EMV card acceptance, and to reduce PCI compliance scope, Kentucky Fried Chicken (KFC) has migrated its payments system in the U.S. to Ingenico Group ’s Telium Semi-Integrated solution. Ingenico Group has helped KFC U.S.

Groups 101

Groups Payments Kentucky Customer Experience 101

PYMNTS

SEPTEMBER 17, 2020

SWIFT , a global provider of secure financial messaging services, announced Wednesday (Sept. We will introduce data innovation that embeds risk and control elements expected from SWIFT, creating peace of mind for business-critical operations. The new approach promises to create new value-added services to support business growth.

Innovation 348

Innovation Payments Compliance Data 348

Insights on Business

MAY 23, 2019

Customer data drives innovations like artificial intelligence and blockchain solutions. But for companies that don’t master privacy and security, data can be toxic. Stricter regulations are changing the compliance landscape. The time to examine your approach to data privacy and security is now.

Data 163

Data Security California Regulation 163

PYMNTS

DECEMBER 29, 2016

There seems to be no shortage of action in the corporate banking space, whether it be scandals (like Royal Bank of Scotland’s Global Restructuring Group fiasco ), cyberattacks (such as the $81 million stolen from the central bank of Bangladesh) or anomalies like Brexit impacting top financial institutions across the globe.

Security 181

Security Fintech Boston Fraud 181

PYMNTS

JULY 2, 2018

According to reports, the group is taking a cautious approach to the technology. But the group also acknowledges that blockchain technology is not yet sufficiently developed to actualize its effect in the corporate finance space. Security and transparency offered by blockchain technology may play a role in compliance, the Lab noted.

blockchain 102

blockchain Groups Report Survey 102

PYMNTS

JULY 11, 2017

The basis of innovation is not the desire to create something new or even the inspiration to do so. Innovation occurs where there is a problem and a person with the tools to solve it. Anyone can have a good idea,” Lowthers said; innovation is about what you do with it. PYMNTS: Where do you look for innovative ideas, and why?

Innovation 101

Innovation social media Security Leadership 101

Insights on Business

NOVEMBER 12, 2018

Today, governance, risk and compliance (GRC) is being transformed by not only rapidly-evolving regulatory standards and growing costs of non-compliance, but also by the clear and present need for greater GRC adoption/engagement – by the first line of defense – while delivering added value by empowering business users.

Compliance 107

Compliance Technology User Experience Analytics 107

PYMNTS

SEPTEMBER 29, 2017

PingPong Financial Group , a Chinese FinTech company, has received a Payment Institution (PI) license from the government of Luxembourg. PingPong is yet another innovative FinTech player that chose Luxembourg as its EU hub. In a press release, the company said its Luxembourg entity, PingPong Europe S.A.,

Security 129

Security Payments Fintech United States 129

PYMNTS

SEPTEMBER 14, 2020

The United States may have some of the world's best cryptographers working for the National Security Agency and other spy shops, but the Internal Revenue Service (IRS) is crowdsourcing at least part of its effort to beat the algorithms that cloak information about certain cryptocurrencies. 1 have just taken effect. 1 have just taken effect.

blockchain 160

blockchain cryptocurrency Bitcoin Compliance 160

Celent Banking

MAY 20, 2016

They demonstrated: Degree of innovation. Left to right, Martin Pilecky, CIO Alfa-Bank; Gary McAlum, SVP Enterprise Security Group USAA; Joan McGowan, Senior Analyst Celent). ALFA-BANK: SETS THE STANDARDS FOR BASEL COMPLIANCE IN RUSSIA. USAA: SECURITY SELFIE, NATIVE FINGERPRINT, AND VOICE SIGNATURE.

Security 113

Security Fraud Case Study Risk Management 113

CFPB Monitor

AUGUST 10, 2020

The CFPB recently announced that it has issued a Compliance Assistance Statement of Terms Template (“CAST Template”) through its Compliance Assistance Sandbox Policy (“CAS Policy”) after receiving an application from Build Commonwealth, Inc. service providers, consumer groups, trade associations, etc.) Commonwealth”).

Policies 78

Policies Compliance Regulation Groups 78

Insights on Business

JULY 1, 2019

Until recently, the words “customer experience” and “compliance” didn’t really come up in the same conversation – let alone exist in the same universe. Innovation in the contact center has created no shortage of channels and tools to improve interaction with customers. Seeing customer feedback as a data source.

Compliance 96

Compliance Customer Experience Analysis Data 96

PYMNTS

DECEMBER 28, 2020

Recent regulatory crackdowns on Ant Group, Alibaba and Tencent show that China’s former tech darlings have run afoul with all-powerful political and regulatory regime in China. Reuters quoted Ant as saying in a statement that it would establish a “rectification” working group and fully implement the government’s requirements.

US 168

US Regulation Groups System 168

PYMNTS

MARCH 18, 2016

” Innovation Project 2016 — where hundreds of leaders across the payments, commerce, tech and security ecosystems joined together under one roof with one mission: navigating the balance between the leading and the bleeding edge. Especially when your talking innovations in payments. So, how did Day 2 end up?

Innovation 100

Innovation Security Industry blockchain 100

PYMNTS

SEPTEMBER 29, 2020

A division of Partner Colorado Credit Union, Safe Harbor provides a compliance-based banking program for cannabis businesses. We're extremely excited about the group of investors we've brought on, specifically the team at Continental Investors, as their expertise aligns perfectly with the type of company we've set out to create.".

Colorado 158

Colorado Chicago Fintech Innovation 158

Bobsguide

MAY 8, 2022

A recent GFT survey revealed that 95% of banks adopt cloud to improve time to market, while 86% of them do it to improve innovation and scalability. This competency status helps them be sure they are in good hands,” said Alpesh Tailor, Group Head of Banking Solutions and Cloud at GFT. – Portal de Documentos.

Compliance 166

Compliance Risk Management Digital Banking System 166

South State Correspondent

JUNE 27, 2023

For example, ISO 20022 defines the elements of a real-time payment, what constitutes a beneficial owner, or what happens during a transfer of securities for collateral (below). The Message Mode l: The message model defines how these business model elements are grouped into messages and the form these messages will take.

System 195

System Data Examples Payments 195

Insights on Business

JULY 17, 2019

Our goal has always been to provide our customers with the tools and insights that help them meet their governance, risk and compliance (GRC) needs, and we do so, by leveraging the innovation of IBM within a single ecosystem. Digitalization brings along risks like IT security, Cybersecurity, etc.

Risk Management 110

Risk Management Management Report Compliance 110

PYMNTS

SEPTEMBER 9, 2019

His job will include fostering existing relationships that are essential to those directives and improving the organization’s commercial performance through its products, like SWIFT’s global payments innovation (gpi) and its suite of financial crime compliance solutions. He has also been a member of TCH’s Company Board since 2017.

Management 179

Management America New York Regional 179

PYMNTS

FEBRUARY 20, 2020

“allows insurance companies to maintain a frictionless payment experience across all stakeholder groups, including policyholders, vendors, agents and service providers,” the release stated. The One Inc. founder and CEO. Recently, One Inc.

Industry 140

Industry Resources Compliance US 140

South State Correspondent

MARCH 7, 2024

The uptake of this sophisticated technology is setting records at every turn from the pace of innovation to adoption. Creating Instragram posts, removing background from images, summarizing meeting notes and then emailing them to a meeting group can all be automated as an example. We are learning here like the rest of the industry.

Training 195

Training Data Tools Technology 195

Insights on Business

AUGUST 27, 2018

Three years ago, a group of IBM Cloud experts, myself included, answered an important question still facing nearly every incumbent bank worldwide today: How can we rethink our architecture to better serve our customers with more innovative applications, through more agile, faster development? Watch the video.

How To 132

How To Security Compliance Industry 132

PYMNTS

NOVEMBER 2, 2018

As legal cannabis spreads, the industry is a big opportunity for FinTech, as industry players struggle to manage intense compliance requirements and limited access to traditional financial services. based B2B software-as-a-service and data solutions provider focusing on supporting corporates’ compliance and anti-fraud efforts.

Fintech 188

Fintech Capital Security Fraud 188

PYMNTS

MARCH 8, 2019

The developer sandbox also enables developers to access mock data from HSBC retail and corporate payment accounts in compliance with PSD2 , the company noted. ” The developer portal supports Open Banking Implementation Entity (OBIE) and STET standards for Europe, while HSBC is in the process of adding Berlin Group standards. .

Data 169

Data Digital Banking Compliance Payments 169

PYMNTS

MARCH 2, 2020

Reading the February 2020 Credit Union Tracker ® done in collaboration with PSCU , we discover that Canadian credit union Desjardins Group was hacked , impacting the records of 4.2 The Desjardins Group incident sent a chill through the CU community. Seems that everybody likes credit unions—including cybercrooks. The Trust Factor.

California 130

California Fraud Pennsylvania Community 130

Insights on Business

OCTOBER 11, 2018

In May 2018, IBM proudly accepted two distinguished RegTech Awards – for “Best AI Solution for Regulatory Compliance” and “Best Regulatory Alert Management Solution”. Learn more about IBM’s innovations and investment in governance, risk and compliance by visiting ibm.com/regtech. With the release of OpenPages with Watson 8.0,

Risk Management 70

Risk Management Management Compliance Innovation 70

PYMNTS

SEPTEMBER 10, 2018

And data has never been more valuable — not only for retail and payments, but for healthcare and other areas, including sense of self, given how we define and group ourselves online and elsewhere according to prioritized attributes. At the same time, this data is generating increasing returns and reducing costs as well as compliance burdens.

Compliance 101

Compliance Data Security Payments 101

PYMNTS

SEPTEMBER 22, 2020

Paytm Group, which bills itself as “India's leading financial services company,” on Sunday (Sept. When an app violates these policies, we notify the developer of the violation and remove the app from Google Play until the developer brings the app into compliance. In an interview Tuesday (Sept.

Google 140

Google Policies Compliance Security 140

Bank Innovation

DECEMBER 28, 2018

In October, the Financial Services Information Sharing and Analysis Center, an industry group that analyzes and shares cyber and physical threat intelligence, took on the challenge of finding a secure way to transfer information. Sharing data while keeping it safe is a major issue for financial service companies.

Data 186

Data Analysis Fintech Groups 186

PYMNTS

MARCH 14, 2019

14, bringing requirements related to strong consumer authentication and other tasks designed to establish a secure, Open Banking environment. The core of PSD2 is Open Banking, not the hoarding of accounts from a few big banks to hold up innovation in the payments world.”. What about innovation, and how will that happen under PSD2?

Exercises 188

Exercises Regulation Innovation Fintech 188

FICO

MARCH 31, 2016

As FICO’s premiere client conference, FICO World 2016 , heads to the nation’s capital at the end of next month, it is not surprising that regulatory compliance strategies and solutions will be a hot topic of discussion. Model management continues to present financial institutions with new compliance obstacles.

Compliance 40

Compliance DC Washington Regulation 40

Bank Innovation

SEPTEMBER 29, 2016

IBM has acquired Promontory Financial Group, the consultancy founded by former Comptroller of the Currency Eugene Ludwig. Terms were not disclosed.

Compliance 150

Compliance Groups Risk Management Management 150

PYMNTS

MAY 13, 2020

While innovation in financial services infrastructure can facilitate high-value cross-border transactions to complete within a day or two, in today’s ecosystem of B2B trade, there is growing pressure for payments to complete in a matter of hours, not days. The ability to quickly, securely and efficiently move funds within a day from the U.S.

Boston 204

Boston Payments Security Massachusetts 204

South State Correspondent

MAY 18, 2023

The Start of Our Generative AI Journey “Tate,” a contraction of SouthS tate, was a brainchild of our Spark Innovation group, a team of 35 employees from various sections of the Bank brainstormed a use case, created personas, outlined a user journey, and then developed an action plan. and future regulatory compliance.

US 195

US Training Examples Data 195

Insights on Business

JULY 23, 2019

An innovative solution for IRM, recognized by analysts. Security and risk management professionals within financial organizations can be overwhelmed with the rising cost and pressure of regulatory change management and mitigating associated risks. It also ranks third highest in terms of estimated profitability margin.

Risk Management 87

Risk Management Compliance Management Software 87

Abrigo

FEBRUARY 25, 2022

As regulators get up to speed with new FFIEC Exam Manual updates, you may need to remind them that not all groups of customers present the same risk. Culture of compliance As the AMLA provides more and more clarification, it will be extremely important to have the support of your institution’s compliance program in 2022.

Regulation 195

Regulation Policies Compliance Washington 195